QMS Medical Allied Services (NSE:QMSMEDI) Operating Income: ₹219 Mil (TTM As of Mar. 2026)

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NSE:QMSMEDI QMS Medical Allied Services Ltd NSE:QMSMEDI
69 GF Score
Price ₹148.91
GF Value ₹121.47
Valuation Modestly Overvalued
! 6 Warning Signs
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What is QMS Medical Allied Services Operating Income?

QMS Medical Allied Services NSE:QMSMEDI +1.85% 69 Operating Income is ₹219 Mil as of Mar. 2026. GuruFocus rates NSE:QMSMEDI with a GF Score™ of 69/100 and a GF Value™ of ₹121.47 (Modestly Overvalued). The stock has 6 warning signs investors should review.

QMS Medical Allied Services's Operating Income for the three months ended in Mar. 2026 was ₹46 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹219 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. QMS Medical Allied Services's Operating Income for the three months ended in Mar. 2026 was ₹46 Mil. QMS Medical Allied Services's Revenue for the three months ended in Mar. 2026 was ₹444 Mil. Therefore, QMS Medical Allied Services's Operating Margin % for the quarter that ended in Mar. 2026 was 10.46%.

Good Sign:

QMS Medical Allied Services Ltd operating margin is expanding. Margin expansion is usually a good sign.

QMS Medical Allied Services's 5-Year average Growth Rate for Operating Margin % was 2.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. QMS Medical Allied Services's annualized ROC % for the quarter that ended in Mar. 2026 was 7.03%. QMS Medical Allied Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.93%.


QMS Medical Allied Services  (NSE:QMSMEDI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

QMS Medical Allied Services's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=185.9 * ( 1 - 28.99% )/( (0 + 1877.559)/ 1 )
=132.00759/1877.559
=7.03 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2128.485 - 184.325 - ( 66.601 - max(0, 912.668 - 1420.115+66.601))
=1877.559

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

QMS Medical Allied Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=194.664/( ( (0 + max(0, 0)) + (228.916 + max(1075.048, 0)) )/ 1 )
=194.664/( ( 0 + 1303.964 )/ 1 )
=194.664/1303.964
=14.93 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(673.196 + 459.164 + 180.208) - (184.325 + 0 + 53.195)
=1075.048

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

QMS Medical Allied Services's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=46.475/444.238
=10.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


QMS Medical Allied Services Operating Income Related Terms


QMS Medical Allied Services Operating Income Historical Data

* Premium members only.

The historical data trend for QMS Medical Allied Services's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

QMS Medical Allied Services Operating Income Chart

QMS Medical Allied Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial 154.70 103.24 149.06 215.82 219.38

QMS Medical Allied Services Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.18 55.85 59.80 57.25 46.48
NSE:QMSMEDI
69GF Score
QMS Medical Allied Services Ltd NSE:QMSMEDI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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QMS Medical Allied Services Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹219 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹219 Mil mean?
QMS Medical Allied Services (NSE:QMSMEDI) has a Operating Income of ₹219 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on QMS Medical Allied Services and its competitors.
Is QMS Medical Allied Services' Operating Income too high?
QMS Medical Allied Services' current Operating Income is ₹219 Mil. Overall, QMS Medical Allied Services has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does QMS Medical Allied Services' Operating Income compare to ISRG and BDX?
QMS Medical Allied Services' Operating Income of ₹219 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Medical Devices & Instruments company?
A good Operating Income depends on the Medical Devices & Instruments industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on QMS Medical Allied Services and its competitors. QMS Medical Allied Services's current Operating Income is ₹219 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is QMS Medical Allied Services stock overvalued right now?
Based on GuruFocus' analysis, QMS Medical Allied Services (NSE:QMSMEDI) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹121.47, compared to a current price of ₹148.91 — trading 22.6% above its estimated fair value. The current Operating Income is ₹219 Mil. QMS Medical Allied Services' overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For QMS Medical Allied Services (NSE:QMSMEDI), the current Operating Income is ₹219 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is QMS Medical Allied Services (NSE:QMSMEDI) Overvalued in 2026?

Based on GuruFocus' analysis, QMS Medical Allied Services stock appears to be overvalued. The current stock price of ₹148.91 is trading 22.6% above its estimated GF Value™ of ₹121.47. GuruFocus considers QMS Medical Allied Services to be Modestly Overvalued.

Key valuation signals for NSE:QMSMEDI:

  • Operating Income: ₹219 Mil
  • GF Value™: ₹121.47 vs. price of ₹148.91 (22.6% above fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the NSE:QMSMEDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


QMS Medical Allied Services Business Description

Address Prabhat Colony, Road No. 3, 1A-B/2A-B, Navkala Bharti Building, Plot No. 16, Near Santacruz Bus Depot, Santacruz (East), Mumbai, MH, IND, 400055
QMS Medical Allied Services Ltd is engaged in the marketing and distribution of a wide range of medical products as well as medical education services. The company's products are sold under brand name "QDevices" and also manage the distribution for other brands such as 3M, Heine, Rossmax and others. It offers medical products such as Blood Pressure Monitors, Glucose Monitoring Kits and strips, Dental Products, Personal protection kits eg-PPE kits, Infection prevention, Stethoscope and Oxygen Concentrator.
69GF Score

Get the complete analysis for NSE:QMSMEDI

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹148.91
Price
₹121.47
GF Value